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Spread Trend Analysis Report

Prepared for you on Saturday, May 28, 2022.

CRUDE OIL Feb 2023/Dec 2023 Spread (NYMEX:CL.G23_Z23)

Long-Term Downtrend (-90) - CL.G23_Z23 is in a strong downtrend that is likely to continue. While CL.G23_Z23 is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.

Is it time to buy, sell, or avoid CL.G23_Z23?

MarketClub looks at technical strength and momentum to determine if the timing is right for CL.G23_Z23.

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NYMEX_CL.G23_Z23
Open High Low CL.G23_Z23 Price Change
10.90 11.03 10.90 11.03 +0.12
Entry Signal

MarketClub’s Trade Triangles for CL.G23_Z23

long term down The long-term trend has been DOWN since at

intermediate term down The intermediate-term trend has been DOWN since at

short term down The short-term trend has been DOWN since at

Smart Scan Analysis for CL.G23_Z23

Based on our trend formula, CL.G23_Z23 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-90
Smart Scan Analysis for CL.G23_Z23
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
10.90 11.03 10.90 11.03 +0.12
Prev. Close Volume Bid Ask Time
11.03 4 2022-05-27 13:00:20
Open Time09:00Close Time14:30
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